An investigation on behalf of investors in Navient Corp (NASDAQ:NAVI) shares over potential wrongdoing at Navient Corp was announced and NASDAQ:NAVI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/27/2017 -- Certain directors of Navient Corp are under investigation over possible wrongdoing. The investigation was announced on behalf of current long-term investors in shares of Navient Corp over potential breaches of fiduciary duties by certain directors at Navient Corp.
Investors who purchased shares of Navient Corp (NASDAQ:NAVI) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Navient officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On January 18, 2017, the Consumer Financial Protection Bureau ("CFPB") filed a lawsuit against Navient Corp (formerly known as Sallie Mae, Inc.), alleging that Navient Corp illegally created obstacles to repayment of the student loans it services and manages by providing bad information, incorrectly processing payments, and failing to address borrowers' complaints.
The CFPB further alleges that Navient Corp cheated many borrowers out of their rights to lower repayments, which caused them to pay more for their loans.
The CFPB also asserted that Navient Corp made it more difficult for borrowers to obtain the right to pay their loans according to what they can afford.
Shares of Navient Corp (NASDAQ:NAVI) closed on February 24, 2017 at $15.38 per share.
Those who purchased shares of Navient Corp have certain options and should contact the Shareholders Foundation.
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